M M Forgings
M M Forgings Performance
Day Range
- Low 871.05
- High 911
52 Week Range
- Low 730
- High 1099
- Open Price902.8
- Previous Close896.25
- Volume45766
Start SIP in M M Forgings
Start SIPM M Forgings Investment Rating
-
Master Rating:
-
M M Forgings has an operating revenue of Rs. 1,488.09 Cr. on a trailing 12-month basis. An annual revenue growth of 28% is outstanding, Pre-tax margin of 12% is healthy, ROE of 19% is exceptional. The company has a reasonable debt to equity of 49%, which signals a healthy balance sheet. The stock from a technical standpoint is trading below to its 50DMA and close to its 200DMA. It needs to take out the 50DMA levels and stay above it to make any further meaningful move. It has recently broken out of a base in its weekly chart but failed to keep its momentum and is trading around -13% from the pivot point. From an O'Neil Methodology perspective, the stock has an EPS Rank of 88 which is a GOOD score indicating consistency in earnings, a RS Rating of 30 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at D- which indicates heavy supply, Group Rank of 65 indicates it belongs to a poor industry group of Auto/Truck-Original Eqp and a Master Score of C is fair but needs to improve. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock is lagging behind in some of the technical parameters, but great earnings make it a stock to examine in more detail.
EPS Strength
Price Strength
Buyer Demand
Group Rank
Indicator | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 | Jun 2022 | Mar 2022 |
---|---|---|---|---|---|---|
Oper Rev Qtr Cr | 366 | 372 | 360 | 342 | 327 | 314 |
Operating Expenses Qtr Cr | 303 | 307 | 295 | 280 | 272 | 260 |
Operating Profit Qtr Cr | 62 | 65 | 66 | 62 | 55 | 53 |
Depreciation Qtr Cr | 18 | 17 | 17 | 17 | 16 | 15 |
Interest Qtr Cr | 10 | 7 | 8 | 7 | 7 | 6 |
Tax Qtr Cr | 11 | 16 | 13 | 11 | 10 | 9 |
Net Profit Qtr Cr | 30 | 30 | 34 | 32 | 30 | 29 |
M M Forgings Technicals
EMA & SMA

- Bullish Moving Average
- ___
- 2
- Bearish Moving Average
- ___
- 14
- 20 Day
- ₹925.73
- 50 Day
- ₹935.28
- 100 Day
- ₹920.64
- 200 Day
- ₹894.7
- 20 Day
- ₹925.91
- 50 Day
- ₹955.74
- 100 Day
- ₹918.6
- 200 Day
- ₹882.61
M M Forgings Resistance and Support
Resistance | |
---|---|
First Resistance | ₹902.04 |
Second Resistance | ₹907.82 |
Third Resistance | ₹913.44 |
RSI | 39.08 |
MFI | 40.71 |
MACD Single Line | -12.32 |
MACD | -15.41 |
Support | |
---|---|
First Resistance | ₹890.64 |
Second Resistance | ₹885.02 |
Third Resistance | ₹879.24 |
M M Forgings Delivery and Volume
Period | NSE + BSE Volume Avg | NSE + BSE Delivery Volume Avg | NSE + BSE Delivery Volume % |
---|---|---|---|
Day | 35,632 | 1,807,255 | 50.72 |
Week | 42,242 | 2,284,025 | 54.07 |
1 Month | 36,222 | 2,059,578 | 56.86 |
6 Month | 40,565 | 2,360,048 | 58.18 |
M M Forgings Result Highlights
M M Forgings Synopsis
NSE-Auto/Truck-Original Eqp
M M Forgings Ltd. is involved in the business activities of Forging, pressing, stamping and roll-forming of metal; powder metallurgy. Company’s Total Operating Revenue is Rs. 1409.28 Cr. and Equity Capital is Rs. 24.14 Cr. for the Year ended 31/03/2023. M M Forgings Ltd. is a Public Limited Listed company incorporated on 21/02/1946 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L51102TN1946PLC001473 and registration number is 001473.Market Cap | 2,164 |
Sales | 1,442 |
Shares in Float | 1.06 |
No of funds | 37 |
Yield | 0.67 |
Book Value | 3.14 |
U/D Vol ratio | 1 |
LTDebt / Equity | 48 |
Alpha | |
Beta | 0.79 |
M M Forgings
Owner Name | Jun-23 | Mar-23 | Dec-22 | Sep-22 |
---|---|---|---|---|
Promoters | 56.34% | 56.34% | 56.34% | 56.34% |
Mutual Funds | 16.37% | 16.81% | 16.44% | 16.11% |
Foreign Portfolio Investors | 1.64% | 1.65% | 1.16% | 0.91% |
Individual Investors | 21.97% | 21.51% | 22.16% | 22.7% |
Others | 3.68% | 3.69% | 3.9% | 3.94% |
M M Forgings Management
Name | Designation |
---|---|
Mr. N Srinivasan | Chairman |
Mr. Vidyashankar Krishnan | Vice Chairman & Mng.Director |
Mr. K Venkatramanan | Joint Managing Director |
Mrs. Sumita Vidyashankar | Director |
Mr. V Vaidyanathan | Director |
Mr. A Gopalakrishnan | Director |
Mrs. Kavitha Vijay | Director |
M M Forgings Forecast
Price Estimates
M M Forgings Corporate Action
Date | Purpose | Remarks |
---|---|---|
2023-08-12 | Quarterly Results | |
2023-05-17 | Audited Results & Interim Dividend | (Revised) per share(25%)Interim Dividend |
2023-02-13 | Quarterly Results | |
2022-11-14 | Quarterly Results | |
2022-08-10 | Quarterly Results |
Date | Purpose | Remarks |
---|---|---|
2023-05-29 | FINAL | Rs.6.00 per share(60%)Interim Dividend |
2022-06-07 | INTERIM | Rs.6.00 per share(60%)Interim Dividend |
2021-07-02 | INTERIM | Rs.5.00 per share(50%)Interim Dividend |
- Company Name
- CMP
- Chg(%)
- IndusInd Bank
- 1459
- 3.4
- Maruti Suzuki
- 10538
- 2.5
- St Bk of India
- 600
- 2.0
- M & M
- 1607
- 1.5
- Bajaj Finserv
- 1548
- 1.4
- Company Name
- CMP
- Chg(%)
- Dr Reddys Labs
- 5513
- -2.8
- Wipro
- 420
- -2.2
- Cipla
- 1185
- -1.8
- Power Grid Corpn
- 199
- -1.5
- UltraTech Cem.
- 8192
- -1.5
M M Forgings FAQs
What is Share Price of M M Forgings ?
M M Forgings share price is ₹893 As on 22 September, 2023 | 14:26
What is the Market Cap of M M Forgings ?
The Market Cap of M M Forgings is ₹2157.6 Cr As on 22 September, 2023 | 14:26
What is the P/E ratio of M M Forgings ?
The P/E ratio of M M Forgings is 16.8 As on 22 September, 2023 | 14:26
What is the PB ratio of M M Forgings ?
The PB ratio of M M Forgings is 3.2 As on 22 September, 2023 | 14:26